Audit > Compilation of Financial Statements


Compilation of Financial Statements

The purpose of the compilation work is to gather, classify and summarize in the form of Financial Statements the information that arises from the accounting system and includes affirmations of the Company’s management. It does not imply giving an opinion, concluding, or providing security on the content of the information presented.

When a compilation report is emitted, the Auditor must ensure that information is presented in compliance with the applicable regulations regarding its exposure.

To compile financial information, the Auditor requires a general understanding of the nature of the company’s transactions, the form of its records and the accounting basis on which information will be presented.